1. They’re calling it the “Icarus trade”, an optimism-driven trend seeing private investors plunge cash reserves into stocks. Bank of America Merrill Lynch sees this as leading to an inevitable fall, as Icarus did by flying too close to the sun. BAML’s view is based on their watching private clients’ cash reserves fall to record low levels:

3. To markets, and the US dollar weakness continued on Friday, but the Aussie dollar has also hit resistance. Guy Debelle’s mild admonishment to the market about its reaction to the RBA minutes last Tuesday didn’t jawbone the currency much, and it opens the week just over US79c. ASX futures are pointing lower ahead of the open and iron ore fell for the second consecutive day when the spot price fixed on Friday night.

5. Jordan Spieth is the Open champion, clinching the major title at Royal Birkdale overnight. He didn’t make it completely easy on himself, spraying his tee shot on the 13th and having to play in from the practice area, making bogey. But then staying ahead of the pack in golf is certainly a lot easier when you’re draining monster eagle putts like this.

7. Amazon isn’t just a huge deal in retail — it is totally dominant in the cloud computing services category, too. Google and Microsoft are fighting back, but as Matt Weinberger explains in this must-read overview of the sector, Amazon Web Services “has become a kind of standard in cloud computing. Companies turn to AWS almost by default, in much the same way a previous generation of IT managers used to say that ‘nobody ever got fired for buying IBM.'”